Single-Payer Would Be Death on New York's Best Hospitals
The debate about a proposed single-payer health plan for New York has mostly focused on what it would cost (between $92 billion and $226 billion per year, according to various projections) and where the money would come from (massive, unprecedented tax hikes).
Less discussed, but just as important, is how single-payer would compensate providers — doctors, nurses, hospitals, pharmacies, etc. At stake is not only the quality of care for 20 million New Yorkers, but also the fate of a fifth of the economy and the livelihoods of 1.2 million health workers.
Disconcertingly, the single-payer bill pending in the state Legislature, the New York Health Act, says almost nothing about reimbursement — other than a vague promise that fees will be “reasonably related to the cost of efficiently providing the health care service.” To fill in the blanks, our forthcoming report explores how single-payer reimbursement methodologies would affect hospital revenues.
It finds that such systems would dramatically change the financial outlook for many institutions — both for the better and the worse — with some of state’s best-known and best-regarded hospitals paying an especially heavy price.
Continue reading the entire piece here at the New York Post
Bill Hammond is the health policy director at the Empire Center for Public Policy. Follow him on Twitter here.
Chris Pope is a senior fellow at the Manhattan Institute. Follow him on Twitter here.
This piece originally appeared in New York Post